Hi friends,  purchased my first rental in may this year, got it rented in mid June, signed a 12 month contract with tenant, about a week ago tenant sent me an 'official' email that there is a mice/rat problem, although there were cheaper options I went with professionals who were charging me 7-8x only because this is a long term investment and I wanted to get it solved, the pest professionals sealed the attic and set traps, they followed by couple of times to remove traps and refill bait boxes, my tenant now sent me lease termination letter citing health concerns due to mice/rat problem, they paid for current sept month and said that I can keep half the deposit for Oct.What should I do here, they have three small kids so I understand the reason for concern but I am also doing my best to solve the issue, should I go ahead and accept their termination or should I fight it out, not sure if involving lawyer is good as I am trying to make some cash flow and not lose it.. please advice also I am from Texas and would love to hear about TX law on this.

Items you should be asking yourself about this or any opportunity is:- Risk or Exposure - Exit strategy - Property specifics - Financing - ROI Evaluate worst-case scenario and determine if the property meets your needs or criteria.

What is your risk tolerance for investing?

You will want to do some research here and make sure that you are comfortable with the (albeit very low) risk of triggering the DOS clause that is in most mortgages. 

Typically creditor will lend four times the Veterans basic entitlement ($36,000 * 4 = $144,000) which makes VA loans a minimal risk, working for both the lender and borrower. 

Learn the ropes without the risk of losIng moneyHow do you pay your rent now?

Just a lot of risk there and that can put a drag on your overall portfolio.  

Honestly I think all new investor have some sort of fears.I believe in taking calculated risk and making sure your number work.

@Tabitha Johnson @Michael Plante,  Nice work on your seller-financed deal Michael.  70% of the deals that I do have 50% or more seller financing involved.  

Thank you @Todd Dexheimer and @Michael Le@Jeff Greenberg it's a very light value add. most of the heavy lifting had already been done. for this deal it's more about getting a solid, low risk income stream for the investor. in short we'll make cosmetic upgrades to units when they turn in order to keep growing rents 2% to 3% average per year.